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. >> sean: now, the president just got his big tax increase, he got everything he wanted and now he says he wants more. now, chuck schumer is saying, i'll play this in the next segment that he wants tax reform, but tax reform means another increase of revenue, in other words, another increase in taxes. is this negotiatable? will house republicans hold the line? and how do you stop this president? i mean, can you shut down the government? are you willing to shut down the government if the president won't deal with entitlement reform where all the spending is? >> look, you have to deal with entitlement reform if you want to save medicare, that's where the president has been so wrong. we've passed one of the toughest budgets anybody has looked at saving medicare and we grow the economy 13 million people are out of work, we put them back. this is a very conservative congress, and we've stand on ours, and this fight will put us on stronger ground and more importantly shall the american people are going to be with you from the statement if you can't pass the budget you shouldn't be paid and how c
, requiring congress to not spend more than it makes, than it takes in in taxes. if you call taxation making money, but it can't spend more than it takes in. any traction on that? >> yeah. this is an idea, an old idea, whose time has timely come, and, you know, as polls show about 75% of all americans support this idea, most of the state legislatures operate the same way, and we need to do this because we need permanent structural spending reform so that we don't find ourselves back in the same position every six to 18 months in raising the debt limit. >> limit spending to 18% of the gross national product, 18%. right now, it's a rate of 23%. we're looking at some of the other things that you would do. you want a historical average of total federal receipts so congress is only run a deficit, increase taxes, or increase debt if agreed upon by a two-thirds vote. i like how it sounds, but it doesn't sound like you can get other politicians to agree to it? >> rome was not build in a day. it's in the a sell yet, but we have support in the senate for the idea of a balanced budget amendment. the la
the class war issue on taxes, which romney was not able to rebutt or make the argument for. look, let's be honest about this. romney was a man who spoke conservatism as a second language. you remember in one of the primary debates he wanted to show up as conservative as he was and he ran a severely conservative administration as governor of massachusetts. severe is a word you associate with head wounds and tropical storms. [laughter] >> not with the government. he had trouble making the case. we have a strong bench, half of whom is here at your conference, young governors, ryan, we have rubio in congress, a whole slew of gun governors, a generation who is adept, you could say marinated in conservative philosophy. thinking very deeply about a new kind of conservatism but they for their own reasons, some personal, some they were simply too new and young and raw, weren't quite ready to not run. we had a weak field in the primaries, extremely weak, of whom romney was obviously the best and only possible presidential candidate. you he was -- but he was weaker than the ones sitting on the b
to the military? that will hurt him with the center left who, want tax cuts and the help to the religious go down. when you have a narrow margin as a prime minister, historically, here, it means you are wake and not able to do anything significant in the knesset and we will be back to early elections, mr. netanyahu had had a very stable government. but like the united states, neil, israel is rocked by some severe economic problems here. there was a $10 billion budget deficit that was much more than expected. that has become a big issue. the rising cost of living here has become a big issue and that's the thought that this precipitous drop, it was that he and his right-wing coalition hash 70 seats projected 2 months ago. they have fallen in the polls and there is now talk of them bringing on board a center party, run by a charismatic television anchor, turped politician. this person is demanding tax cuts for the middle scplases demand that the religious go to war, something that won't sit well with mr. netanyahu's base. going forward, he may have won, but it will be a very uncomfortable and probab
at the top and three burnings and only jodi's's in the middle and her roommate's down here. >> to the a tax threat, and nicolas sarkozy and his wife are thinking escaping france to avoid a huge tax. >> and sarkozy and his wife carla bruney except the tax rate of 75% proposed by his successor francois hollande. >> what's in the wine with that tax rate? come on. >> got everyone running. >> yeah, exactly. >> all that and much more straight ahead. first, the democrat-led senate has not passed a budget since prime minister's first ye president obama's first year in office and now the so-called no budget, no pay proposal. >> when i grew up, i had a lot of jobs and i had to work to get paid to do those jobs, so when i flipped burgers at mcdonald's or mowed lawns or painted houses i did the work and i got paid. i didn't get paid if i didn't do the work. it's the basic concept here, you do the work you get paid you don't do the work you shouldn't get paid. >> senator rob portman joins us. >> good to see you, greta. >> should be american people be outraged now that the house is suggesting a stop-gap
just had a big capital gains tax, a big dividend tax. you have obamacare that is coming down the pipe which it employers with more than 50 workers in a lot of employers are already holding back on their employment because of that. then we talk about things like coffee and trade and climate change legislation. i do not want to be entirely negative here. you mentioned the fact that the housing market is picking up. no question about that. ironically, here is the irony of this president, the number one factor that is creating jobs in the economy over the last three years has been the oil and gas sector. dagen: you would be not a smart politician if you got in the way of that in the next four years. steve, by the way, 2100 words in that address and job or jobs was noted three times. steve, it was great to speak with you. >> people should read in our "wall street journal" today, we have an excerpt from ronald reagan's inauguration. the job market was really expanding back in. dagen: steve, great to speak with you. take care. connell: we brought in chief market strategist from america finan
? >> reporter: democrats have been setting very strong signals they want more tax increases or at least revenue enhancements through closing loopholes and deductions. majority leader cantor responded to that yesterday. listen up. >> well, you know i fundamentally disagree. i don't think most americans would say to give more money to washington to have washington spend their money is a way to help anybody. >> reporter: also yesterday, the president strongly defended social security, medicare and medicaid and with anp a parent jab at his defeated opponent mitt romney said those entitlement do not make us a nation of takers. republicans have long-held those entitlements are on the road to insolvency unless they are fundamentally restructured. martha. martha: doug, thank you. doug mckelway. bill: house republicans say they hope the move will shift the focus to spending and push the senate into passing a budget. remember it has been four years since the senate passed a budget in washington. >> i think it is about time the senate did its legal responsibility of passing a budget. we passed one each of
, but those in europe may soon have to consider something else, a new tax. ai uchida is here to tell us all about it. so ai, what's the purpose? >> like all taxes, catherine, it is a form of revenue, but it's also aimed at preventing some of the big banking blunders we have seen recently. leaders in 11 of the 17 eurozone nations have approved the new tax on financial transactions. the aim is to tighten the regulation of financial institutions and curb speculative trading on stocks and other securities. >> today's agreement to allow 11 member states to move ahead with harmonized financial transaction tax is a major milestone. >> the leaders of germany, france, and spain joined the agreement. commission officials say this will be the world's first financial levy at a regional level. the next step is to submit a bill specifying what transactions will be taxed at what rates. the new tax could take effect as early as next year. but leaders in britain and the netherlands oppose the levy. their countries are home to many financial institutions. >>> separately, the leaders of france and germany hav
netanyahu reelected. what's interesting a contentious talks on financial transactions. -- instituting a tax on financial transactions. >> we start with a celebration of a key strategic alliance between europe's two great economies, france and germany. they have been friends for 50 years. >> after centuries of conflict, they culminated in two world wars. speaking at a news conference in berlin, german chancellor angela merkel and french president francois hollande talking about that. >> they promised to unveil proposals in the coming months and it is a big step forward dr. became to power pledging to reverse the plans that merkel had championed. >> it is the first time these bundestag has had a full parliament from another country here. the french president, hollande, recalled the original spirit leading to the historic relationship. >> young people are not only our future but also the reason for the policies that we are pursuing. >> young people in both of our countries have the uncomfortable good fortune that they have never had to experience in it. but peace and democracy. >> he also addr
. france's latest tax hike so high, even former president nicolas sarkozy might say au revoir. stuart varney joins us live. live. we'll be right back. hi, i'm phil mickelson. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, and stop joint damage. enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region you should not start enbrel if you have an infection like the flu tell your doctor if you're prone to infections, haveuts or sores, have had hepatitis b, have been treated for heart failure, or if you have symptoms such as persistent fever, bruising, bleeding,
an outdated and anticompetitive tax code, and to streamline government bureaucracies that are literally suffering job creation. they have done their jobs while senate democrats have tried to keep their priorities secret. now, we know senate democrats don't like the house budgets, and we know they don't even support the president's budgets, at least not with their votes. what we haven't known for nearly four years is what they're for, because they have refused to put their plans for the country down on paper and actually vote for them. now it's my hope that the democratic sudden interest in passing a budget isn't just another attempt to actually raise taxes. as i've said repeatedly, we're done with the revenue issue. the president has already said that the so-called rich are now paying their -- quote -- "fair share" -- end quote, and of course middle-class families are already on the hook for new taxes as a result of obamacare. so the question is who would be in the firing line this time? and at what cost? look, struggling families shouldn't have to pick up the tab again for washington'
be making a bigger case about taxes, spending, shoot for the mountains and not get dragged down on what he says is clearly democrats and the president's turf. >> we have to focus, steve, i believe republicans -- i've said it time and time again -- on taxes. on cutting spending. on saving entitlements. on saving america from this crushing national debt. it grew $6 trillion under barack obama over the past term. and try to avoid some of these other issues. but i hear bobby jindal's new federalism on crack talking about cutting federal employees by three-quarters, et cetera, et cetera. that ain't going to happen. with the changing demographics and where america is and where it's going over the next 20 every 30 years. >> that's the issue. if you separate it, i think the first part not being the stupid party anymore is sort of a no-brainer. why would you go around insulting important interest groups. >> women. >> yeah, the 47%, all that stuff. but then you get to his policy proposals, and i don't think he's in the mainstream of this country when you talk about 25% of the government buildings, c
to give their approval to allow 11 states to start preparations for imposing a tax on all financial market transactions and measures likely to unsettle banks and houses. for more on the story coming out of europe today, let us head to london to kelly evans who is standing by this morning. i like that necklace. i don't know what it means -- what it's saying to me. it kind of looks like -- >> it's telling you to buy goad, joe. it's a subtle signal to investors. i coordinate my wardrobe with the prevailing market move. >> yeah. >> i was thinking you were stepping out there. is that attached to the wall behind you? are you allowed to move or has ross got you -- >> it's attached to my wrist here with the same thing going on. >> oh, my god. i am actually chained to the desk here because ross westgate, lake-effect snow, is in davos and he will have the very latest out of there and "worldwide exchange" for the rest of the week. we'll also see maria bartiromo there. in the meantime, before that meeting gets under way, france and germany are celebrating their friendship treaty today. it's all about
get it right. inlike a -- unlike a tax change and folks are going to want to know what happened to the social security or medicare. but also an acknowledgment it's not going to get you the $4 trillion and that government spending cuts are going to be required for tax increases. you voted for the tax measure that we just saw. in part because you thought it was better than the alternative that it made permit innocent tax cuts that you wanted. what's the way to do this and is defense still going to be something that's on the table for cuts if you're going to avoid further tax increases and still reduce government spending? >> well, i think it -- defense is vulnerable. i would put it that way. whether sequestration gets turned off with other substituted savings, or whatever happens, we're going to see at best flat defense budgets i think as far as the eye can see. so that puts a burden on those of us in congress on those committees as well as the pentagon to figure out how we get more out of the money we spend already on defense. i think that's the great challenge going ahead. it's
emissions by heavily taxing or tapping the use of carbon based fuels is that a fair estimation? that issue because of what it could do to oil is what really really kind of had been shaking in their boots. >> at think it got their attention. it was a combination of power was a very existential threat. the reason we were talking before. they had overcome the previous systematic threat to oil production in the world which were spills and environmental damage and the seepage of oil into water and it supplies and air pollution. all of that have been more or less brought into a sustainable compact of regulator and regulated. they have themselves adapted. they accepted the validity of the environmental goals read comes to spills and air pollution and so forth. they impose costs on themselves in order to build a sustainable compact. just a moment when they have cruising speed of all the other in burma to issues that arose in the first year for decades of oil, now comes this other existential more abstract global challenge to the primacy of fossil fuels and a system. i think that was one factor. pe
words. a decision by government to limit green house gas emissions by heavily taxing or tapping the use of carbon based fuels. is that a fair estimation? that issue, because of what it could do to oil -- is what really kind of had them shaking in their boots. >> guest: it was a combination how a rare -- they had overcome the previous systemic threats to oil production in the world, which were spills and environmental damage and the seepage of oil into water and drinking supplies and air pollution, all of that had been more or less brought into a sustainable compact of regulator and regulated, and they had been themselves adopted -- they accepted the validity of these environmental goals when it comes to spills and air pollution and so target. that they had imposed costs on. thes in order to build the sustainable compacts so just at the moment when they have cruising speed on the other environmental issues that arose in the first three or four decades of the order world, now comes this an distract globalham challenge to the prime si of fossil fuels in our system. i think that was one fac
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finance minister started an initiative on this that this year g8 will look at tax evasion and tax fraud. i think it's enormously important issue, and i think the regulation on the shadow banking system, um, also needs to play a very important role for the russia meeting for the g20. we have quite a lot of regulation for our banks, basel iii comes to mind here. here, actually, we have to be vigilant that the lending capacity that is to boost, after all, economic growth doesn't get too contained, too limited, and i can only hope and join our partners in the united states to introdiscuss deuce this -- introduce this as well, otherwise a new imbalance here. through better regulation of banks, the capital that they need to the capital reserves that they need to have, we also see moral hazard in the sense that people increasingly seem to fly into the shadows of shadow banking. we were at one in saying when we agreed this at the g20 and the thought that every financial instrument, um, every financial be product, every financial market needs to be placed in regulation. we are very far from that. i
of potentially getting out of the eurozone. today, he took a different tactic. we talked about not raising tax rates, but as corporations around the world both affecting issues in the uk and elsewhere are becoming a real issue. i want you to take a look at this piece. >> individuals and bess must pay their fair var. and businesses who think they can carry on, they can keep selling to the uk, and selling uk tax arrangements are for you to wake up and sell the company. >> that comment, by the way, about coffee is actually about starbucks which has created some problems because they've been avoiding taxes in the uk. but take a look at this quote right here. david cameron not making friends. labor mp dennis skinner says it was gruesome for the prime minister to be heading out of austerity-riddled britain to wine and dine at davos with 50 top bankser who helped create the economic crash several hundred tax avoiding milliona e millionaires. >> a lot of people talk today about a report. there was a report earlier this morning that mr. oh lund discovered averting. in total, the report was said to be
opinion on taxes themselves. nicholson set off a firestorm of controversy when he said he may have to move out of california because of recent hikes in federal and state taxes on the wealthy. when asked about it and the farmers insurance opened in california, he compared his remarks about the mistake he made the 2006 u.s. open. >> it was like when i tried to carve a three iron around the tree and made double bogey and lost the u.s. open. i think i will learn my lesson and take the wedge and get back and play. i made a big mistake talking about the stuff publicly and i should not have done that. >> still asking for a mulligan. he said that his tax rate is over 60 percent in the state. but according to the tax foundation in california tax experts, is closer to 51%. california recently became the state with high as top marginal tax rate banks to boaters passing in november a temporary tax hike on wealthy residents. >> new this morning police searching for a man who kidnapped a 13 year-old girl, i am live on the scene. >> also watching the bay area weather as we clear up this morning. we will
not been all smooth sailing. starbucks got a roasting for paying no corporation tax on new sales of some $600 million. it's now volunteered to make some payments. starbucks arrangements are perfectly legal and typical of a multinational of its kind. but critics have not been silent, forcing starbucks into damage control. >> one of the things that's really tricky about that situation on corporation tax is how do you educate the public of the complexities of the british tax code, and does the public really care about those intricacies? probably not. so, on the one hand, by educating the public, you look defensive. by not educating them, then you're almost encouraging them to think that you are a big, greedy, terrible company trying to exploit your workers. it's a very difficult thing to play. >> big numbers expected later on from starbucks. >> aaron, thank you, thank you. do stay with us. there's much more to come here on "g.m.t." our science correspondent explains why biscuits provide a clue to the link between dogs and their canine ancestors. >> now, to the controversial construction of
of promises of a network of high-speed trains and billions of your tax dollars have already been spent to make this network of high trains a reality. the question we have tonight is, where are those trains? and what happened to all that money? coming up, 360 investigation you'll only see here. >>> he brought us images from the froont lines of war like no one else. now his life is the subject of an extraordinary new film. we remember tim and his unbelievable journey ahead. [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. introducing the 2013 lexus ls. life with crohn's disease is a daily game of "what ifs". what if my stomach pain and cramps come back? what if the plane gets delayed? what if i can't hide my symptoms? what if this takes too long? what if? but what if the most important question is the one you're not asking? what if the underlying cause of your crohn's symptoms is damaging inflammation? for help getting the answers you need visit knowcrohns.com/tv and use the interactive discussion
and wondered whether there was selling for tax reasons and things of that nature and the people i have spoken to this morning, who do manage money, say the same. all right. let's watch it today. let it weed out and then perhaps revisit it in a few days. >> a couple of dividend. you talked about how that could help, maybe they actually go in and do a buy back of monstrous proportions. >> that could be around the corner. their next meeting, board meeting, is february, when they initiated the dividend f that's catalyst that's a catalyst. isn't it sad to think this was once the go go growth company and now looking the a possible dividend or buy back as the next catalyst for the shares? my how things have changed. >> that requires a management that thinks there's something wrong with the stock. requires a management to hit the stock, maybe they are, maybe they are not. >> buy back or a dividend, acknowledgments? >> so clear the stock was blowing up during the conference call. very clear, but the company was talking about good product, good product. >> companies don't want to acknowledge they are n
to stand out in a crowd, whether it's on taxes or regulations or in the past on immigration, you were completely shunned from the party. finally there's an understanding we've got to grow the party. what we've been saying for quite frankly for years and getting attacked, we want colin powell on our side. we want moderate republicans on our side. if we're going to be the majority party again, we've got to spend the party. >> are you saying they're pushing her out of the spotlight as part of making the stupid party less stupid? >> what i'm saying is that sarah palin represented a time and place in american politics. and not 2008 so much as 2010. and that time is passing us very quickly. and party leaders are finally understanding that. you know, roger els, i brought up richard haass, roger els before. roger els saw this coming well before the 2012 election. he had realized what had gone wrong. not only at his network but also in the conservative movement of the republican party. that's why he was running out and talking to chris christie saying, get in this race. you can save this party
. so more invasionive in terms of taxes, which clearly is happening. and less alienled on whgned on about it. should government tax harder or should spending be cut harder? not only is there no agreement, but the democrats now are saying, listen, forget the debt ceiling. let's get rid of that silly little thing. but do we actually need a budget? >> so we're learning that we may finally get a budget for the first time in what, three years? significant, though, because these are just templates. >> i great, they are templates. but letting go at a time when the debt is compounding is worrying. however, having said that, you can get worried about that as a market participant, but as long as the federal reserve has open ended quantitative easing, nothing is going to happen from the long end. >> from a market point of view, we were talking about allen capper about this last hour. but from a market point of view, the best outcome is something that lowers the long-term debt outcome. but we keep get ago worsening of the long-term debt profile and a hit to the near term. that is a mix that
reforms, they're talking about tax reforms, as well. this will be a multi layered process and hopefully they'll be in power long enough to deliver some of those changes. i think the market was expecting for the bank of japan to come in .deliver everything that was going to solve all of japan's problems after decades of recession, then they were probably misguided. but for the moment, the reaction we're getting from people who were watching japan is they probably took as many steps as they could today to try and address this decision. >> kaori, stay with us. ed, welcome. you just heard a little bit of the back and forth. what's your own opinion here on what the boj has or hasn't delivered? >> good morning. thanks very much for having me on the show. my opinion is i completely agree with everything kaori said. even more than that, i would say to the viewing audience, look, this is the cramer moment for japan where you bring out the bells and the whistles and you toot the horn and you tweet and you pound the table and you run around the room saying buy, buy, buy. the framework is now in pl
year to try to convince voters to approve a tax hike to deal with california's bumming. well, he successfully succeeded in doing that. so now his clout couldn't be lier and today we expect him to outline his vision on other issues beyond what last year was which was all about taxes and that's going to include as you said education, a big one. he is going to reveal a plan we expect that will offer more money and resources to poorer schools or those student who are more in need than others and also to address public universities to try to compel them to cut costs to students as well as making courses more prevalent online. infrastructure is another big one as he is expected to push for high speed rail and to talk act water issues and trying to build two massive tunnels to move water from northern california to southern california. part of today's state of the state address will be very positive in tone. the governor expected to point out that california is leading the nation in job growth and that the state's credit rating has improved dramaticly over the past several years. last b
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seems to want to continue to plow higher. >> absolutely. we have some tax clarity. we have some debt ceiling clarity. you give the market clarity, and improving economic numbers and decent earnings season hard for us not to rally higher. you know, we're closing over 1500. we closed over 1500 under monday. i think that is really bullish for the next couple of weeks at least through friday's employment numbers. i want to point out something really interesting that is happening. the jcj the correlation index. little in the weeds here. but what it really measures how stocks are correlating to the s&p 500. when stocks are correlating a lot, that's bearish stocks and it makes stock picking very, very difficult because really you're picking stocks, a slave to the overall market. that index is now at precrisis lows. so stock pick something now something we can do. something we haven't been able to do for a long period of time. so what are we seeing this first quarter? stocks are moving but the indexes are not. so you're being rewarded for being a good stock-picker and being penalized, apple,
. there will be a framework for people to pay back taxes, taxes they could not pay before. there are signs of political bipartisanship on this issue. here is the leading republican senator speaking on sunday. >> what has changed is there is an appreciation on both sides of the idle, including on the republican side of the aisle that we have to enact a comprehensive reform bill. >> here is the leading democratic senator, who is giving a nonsuit now a leading republican -- a nod to the leading republican and the idea of border control. >> we are trying to get immigration reform. i am cautiously up a mistake -- optimistic. i have seen things that were once off the table for discussion being on the table for a pathway for word. there will be enhancement of the board of security with more border patrol. >> there are no guarantees politicians will be able to get this done. it is not a new issue. look for the debate on tiger border patrol -- tighter border controls. even in these economic times there is still plenty of work for undocumented workers to do things like waiting tables and gardening. >> immigrants
know who he is, he's teed off now about taxes and the golfer hints he might be making drastic changes to his golfing schedule by checking out of california or the country because of soaring federal and state income taxes. mickleson says his current tax rate is more than 60%. in the meantime, let's talk about this other story, there's been a lot of discussion about guns in schools, and guns in general after the sandy hook sad situation in december in connecticut. and now there's a kindergarten girl who apparently owns one of these little devices, you look at the screen at hello kitty bubble gun. apparently, she was talking about this toy at school. it's my understanding she actually didn't even have the toy with her at the mt. carmel area school in pennsylvania. as a result of just talking about shooting bubbles at one another, apparently she received a ten-day suspension. it was reduced to two days, but that's kind of unclear now whether or not she should even have faced any kind of suspensi suspension. >> steve: well, this is kind of crazy the two five-year-old girls were waiting at
on sunday shows looks like the senate might come up with a budget resolution. it includes tax increases. is that the way to solve this thing. >> no, tax increases are not going to solve our problem. ultimately what we have not a revenue problem or a tax problem although our tax code is bloated and distorted and not necessarily complex. we're not going to solve this problem through additional revenue, we'll solve it by change the way we spend money. jon: senator lee. wish you well. it would be interested to see if the balanced budget amendment makes it through this time. i have my doubts. but again, thanks for joining us today. >> thank you. >> something you probably have in your medicine cabinet right now could be a real danger to your eyesight. the brand new study linking a common painkiller to an increased risk of blindness that is coming up next. >>> plus israelis heading to the polls today. will benjamin netanyahu win another term and how the election results for our closest ally in the middle east could affect the region. >> plus what it means for an impending showdown with iran. w
it really explodes. i want them to be more aggressive on tax reform. i want them to cut defense spending much more. i hope the sequestration goes through. >> right. >> i want those defense cuts. and after we do those defense cuts, we need more defense cuts. we need to stop occupying countries for a decade at a time. we've got to stop spending $2 billion a week. i am mr. cut. call me mr. cut. i am more conservative than most republicans on the hill. that said, what gave me comfort yesterday was, i talked to party leaders, and i talked to the rank and file on both sides. they seemed to understand that they've walked into traps time and time again. and they're ready to start playing smart. that's good. >> that's very good. and i think they've had, you know, to your point, joe "cut man" scarborough, they understand that you can have the arguments all day long on cutting and spending, but if you consistently fall into the president's traps on the social issues and on a bunch of other things out there is that distract from the main argument you want to make about the growth and health of the e
, michelle. >>> there once was a name barack whose re-election came as a shock, he raised taxes i pay and then turned marriage gay and now he's coming after your glock. captioning funded by cbs >>> welcome to "cbs morning news." i'm charlie rose in new york. norah o'donnell is in washington. on the morning after a very long inauguration day. >> that's right, d.c. police say more than 800,000 people came to the national mall to see president obama's swearing in. thousands of them stayed around to join the president for the inaugural parties last night, bill plante is at the white house. bill good morning. >> reporter: good morning, and good morning out west. the first event on this morning after happens in this hour the president and vice president and their wives attend the national prayer service. last night, the east room of the white house was the place for the hottest afterparty in town. entertainers like kelly clarkson and john legend, lots of politicians, friends of the president, all after the two official inaugural balls. >> my dance partner, michelle obama. >
believes he needs to get the american people involved if he has any chance. from climate change to the tax code, immigration to education, he promised reform. >> we will support democracy from the americas to the middle east because our interests compel us on behalf of those who long for freedom. >> every word was meant to reinforce his aggressive agenda. >> our agenda is not complete until are gay brothers and sisters are treated like anyone else under the law, for if we are created equal, the love we commit to one another must be equal as well. >> although racial equality was front and center, i think a lot of the second term will be devoted to other things. >> the president takes one last look, noting he will not see this again. will not ever be the focus of the 9000 person parade. he could barely stop himself from dancing, one last night to celebrate his historic presidency before he begins what is expected to be a huge fight with congress. >> president obama's speech dealt mostly with domestic issues. there was not much on foreign policy. let's take a listen to what he did have to say
of opportunities. but both of those are outside the u.s. so we're assuming that the tax laws are not going to change. we're basically going to put our money to work in places like canada, the uk, israel, russia and asia where they're going to get a return and where we want it. >> that is a change and that starts spreading out, does that mean the rate of pick up in dividend payments and shares -- >> no, we committed to our shareholders 50% of our cash flow we will pay back on them, either in the form of dividends or share buybacks. but i think the key things to take away from davos is we're becoming the innovative leader and many of the concepts appear to be paying out very well for us. >> so what makes more sense for you right now, dividends, increase or a buyback? >> we're going to poll our shareholders. we've committed to giving you 50% back. >> thank you for join onning the program. >> we so appreciate it. >> thank you. now, look, we were going to talk about this but while we've got maria here, derek jeter, right? >> yes. he came to see me at dinner last night. i was talking about when
taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he did not say a lot about this topic today. he sold it as his duty to deliver the referendum to the british citizens. in contrast, angela merkel did not try to be entertaining. she emphasized the common interests of britain and the european union, like structural reforms, free trade agreement with the united states, and make europe more competitive, obviously trying to deal with a new conflict as coolly as possible, a strategy that has brought her a lot of success in the last years. thursday was the day of cameron and merkel. now everybody is heading to one of the numerous parties if they have enough energy, and tomorrow, we will continue the discussion over the role of the central bank's -- banks now and in
has said the senate is working on a budget but the republicans won't like it because it includes tax increases. they will talk about a short term solution. it is a change from before. beyond that, it remains to be seen what common ground, if any we can find between the two sides. house speaker boehner wants to balance the budge net ten years but doing that would take massive spending cuts that democrats won't go for. we're back after the break. coming on to me all the time now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hell were they thinking? >> announcer: ladies and gentlemen, it's "the stephanie miller show." ♪ i'm walkin' on sunshine ♪ ♪ i'm walkin' on sunshine ♪ ♪ and it's time to feel good ♪ ♪ hey, all right now ♪ ♪ and it's time to feel good ♪ >> hal: welcome to "the ste
to take a profit before the higher capital gains taxes can kicked in at the beginning of the year. what's happening today is investors choosing to get out of the stock because competition is becoming more of a factor. there are these quality alternatives going strong these days. i'm talking about the tablet and the smartphone arena. it's getting crowded. what you're seeing is the average price is still around $700. a lot of people are still sweet on apple shares even though it plunged today, wolf. >> steve jobs died about a year and a half ago. what does all of this say about tim cook's tenure as the apple's ceo? >> it says you know what, you're going to get the blame, tim cook. you're the ceo so the buck stops with you. he saw the blowout of the iphone 4s and took the stocks to greater heights. it was around $375 when he took over. the price almost doubled in tim cook's first year in charge. it peaked in september when iphone 5 came out. since then, the shares have been tumbling. for one, wall street and analysts don't have much confidence that he can deliver like steve jobs did, that
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